Topic: An essay about company law

Order Description Background in" rel="nofollow">information Jack and Jill have been best of friends sin" rel="nofollow">ince high school. Jack is currently employed as physical education teacher and Jill is a nutritionist. After workin" rel="nofollow">ing many years as employees they have decided to join" rel="nofollow">in forces and set up a Fitness Centre. They come to your office and seek your advice in" rel="nofollow">in settin" rel="nofollow">ing up their new busin" rel="nofollow">iness venture. Jack would like to know and understand what his obligations and liabilities are as co-owner and director should he and Jill elect to set up a company. Task You have been asked by your managin" rel="nofollow">ing partner to prepare a draft letter of advice for Jack and Jill which addresses their concerns. In particular the letter of advice should address the followin" rel="nofollow">ing: 1. What are the various busin" rel="nofollow">iness structures that are available to Jack and Jill with respect to the type of busin" rel="nofollow">iness that they would like to establish. 2. Assume that a company structure is the most appropriate busin" rel="nofollow">iness entity to operate the Fitness Centre and provide advice on: (a) the type of company to be formulated; (b) the various types of obligations and liabilities that each director is subjected to; and (c) can Jack and Jill be employees of the company. Please ensure that you set your work out clearly and that you proof read your fin" rel="nofollow">inal draft before submission. You will be assessed on the followin" rel="nofollow">ing: (1) Ability to identify the various legal issues, state the relevant legal prin" rel="nofollow">inciples as they apply to Jack and Jill. (2) Spellin" rel="nofollow">ing, grammar, expression and layout of work. (3) Answers must be correctly referenced usin" rel="nofollow">ing the Australian Guide to Legal citation.